The Australian Dollar was higher Wednesday against the US dollar, further setting a new high. The Aussie was trading at 1.0327, up 0.35% at the time of this writing. Is the Aussie reaching a top? Here’s a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie traded in an uptrend for most of the session today, peaking at 1.0335 in the third quarter of the session and then consolidating to its current level. From a technical point, the Aussie appears to be overbought and we can expect a correction on some negative news. Current range: 1.0269 – 1.0337 Further levels: Below: 1.0315, 1.0318, 1.0322 Above: 1.0329, 1.0332, 1.0336 AUD / USD likely to find support at 1.0189, and resistance at today’s high of 1.0337. AUD/USD Fundamentals 08:30 US Unemployment Claims Exp. 379K Prev. 382K 09:45 US Chicago PMI Exp. 70.1 Prev. 71.2 10:00 US Factory Orders m/m Exp. 0.7% Prev. 3.1% 10:30 US Natural Gas Storage Exp. -2B Prev. -6B 12:45 US FOMC Member Tarullo Speaks 18:30 Australia AIG Manufacturing Index Prev. 51.1 * All times are GMT. For the major events due later in the week, see the AUD/USD forecast. AUD/USD Sentiment The US releases payroll figures today, which were mostly as expected. A tremendous amount of uncertainty still lies around the true extent of the Japanese tsunami and its local and global economic impacts. Furthermore, the ongoing nuclear crisis in Japan is also a cause of uncertainty and fear. Currensee Community: 84% are short, 16% are long. 347 open positions in real accounts trading this pair at the moment. The community is expecting lower levels of the pair ahead. Tamar Schoppik Tamar Schoppik View All Post By Tamar Schoppik AUD/USD Daily Outlooks share Read Next Forex Daily Outlook – March 31 2011 Anat Dror 12 years The Australian Dollar was higher Wednesday against the US dollar, further setting a new high. The Aussie was trading at 1.0327, up 0.35% at the time of this writing. Is the Aussie reaching a top? Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie traded in an uptrend for most of the session today, peaking at 1.0335 in the third quarter of the session and then consolidating to its current level. From a technical point, the Aussie appears to be overbought and we can expect a correction on some negative news. Current range:… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.